Guocoland to get RM116mil from land sale


PETALING JAYA: Guocoland (M) Bhd said its associate company Vintage Heights Sdn Bhd (VHSB) is disposing of a parcel of land in Sepang for RM474.99mil.

Upon completion of the disposal, VHSB is expected to realise a net gain on disposal of approximately RM290mil, said Guocoland, adding that approximately RM116mil is expected to be attributable to Guocoland.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Guocoland , disposal , Sepang

Next In Business News

Samaiden's indirect unit inks PPA with TNB for 99.99MWac solar PV facility
Ringgit rises 0.24% against US$
NCT Alliance acquires 51% stake in Setara Juara to expand presence in Sabah with Ion Marina Bay �
Gagasan Nadi Cergas' sub-unit accepts Bandar Elmina contract for RM134.41mil
Eco World International to assess feasibility of remaining sites
HSS Engineers signs solar PPA with TNB to build 95MW solar PV plant
TSR Capital unit bags RM219mil construction works at Kwasa Damansara project
Bursa Malaysia ends lower on lack of buying catalysts
Favelle Favco secures supply contracts with combined value of RM147.1mil
Affin Bank, MUFG Bank ink MoU on Malaysia, Japan collaboration

Others Also Read